WHEREAS there is lack of substantial liquidity and significant risk of deposits outflow with possible outcome the risk of the viability of the credit institutions with chain effects that could lead to instability of the financial system and have destabilizing consequences on the economy and society of the country as a whole, AND WHEREAS under these circumstances an emergency […]

WHEREAS there is lack of substantial liquidity and significant risk of deposits outflow with possible outcome the risk of the viability of the credit institutions with chain effects that could lead to instability of the financial system and have destabilizing consequences on the economy and society of the country as a whole, AND WHEREAS under these circumstances an […]

Following the agreement of the Eurogroup with the Cyprus Government on 25 March 2013, the Central Bank of Cyprus (CBC) has implemented measures under the Resolution of Credit and Other Institutions Law, 2013 under which Laiki Bank has been placed under resolution and restructured . As a result of these measures, deposits over € 100000 are exchanged for shares. […]

Decree as per articles 4 and 5 WHEREAS there is lack of substantial liquidity and significant risk of deposits outflow with possible outcome the risk of the viability of the credit institutions with chain effects that could lead to instability of the financial system and have destabilizing consequences on the economy and society of the country as a […]

A further extension is given to all Cyprus companies which are obliged to pay an annual levy of €350. In view of the developments of the last few days and especially the non regular operation of Credit Institutions, the annual levy of 2012 may be paid until the 31st May 2013 instead of 26th April 2013. Failure to pay […]